Rocket Companies Appoints Shawn Malhotra As Group Chief Technology Officer (CTO)
May 06, 2024•over 1 year ago
Position
Chief Technology Officer
Company
Rocket Companies
Description
Rocket Companies announced the appointment of Shawn Malhotra as its first ever group Chief Technology Officer (CTO), effective May 6, 2024. In this role, Malhotra will oversee the development and implementation of technology across the entire Rocket Companies' ecosystem, including Artificial Intelligence (AI) development, Data Science, Product Engineering, Technology Operations and Information Security – among other areas.
FundzWatch™ Score
88
Medium Activity
Executive Insights
Based on hiring dataNew executive impact window
87% of new executives make significant technology decisions within first 100 days
Budget influence
C-level executives control 73% of technology spending decisions
Transformation catalyst
65% of new senior hires launch digital transformation initiatives
Vendor review timeline
New executives typically review existing vendors within 6 months